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It has been long recognized that cash plays a critical role in fueling street crime due to its liquidity and … circulation of cash on the streets associated with EBT implementation had an effect on crime. To address this question, we exploit … transactional anonymity. In poor neighborhoods where street offenses are concentrated, a significant source of circulating cash …
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reported incidents of major crimes in twelve U.S. cities reveals an increase in crime over the course of monthly welfare … burglary, larceny-theft, motor vehicle theft, and robbery, as opposed to other kinds of crime like arson, assault, homicide …, and rape. Temporal patterns in crime are observed in jurisdictions in which disbursements are focused at the beginning of …
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In this paper I show that a lax anti-counterfeiting policy is inconsistent with price stability. I use a deterministic matching model with no commitment and no enforcement. An intrinsically worthless but perfectly durable object called a ‘note’ can be produced by banks at a given cost, but...
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